The upcoming pre-election Budget will carry forward the trend of the increased capital expenditure seen over the last few years. We expect the federal government to continue with capex allowance at 2.9 per cent of GDP in FY24, which would indicate an 11

INSUBCONTINENT EXCLUSIVE:
The central federal government is most likely to more consolidate its financial deficit by 50 basis points (bps) to 5.9 percent in FY24
from 6.4 percent in FY23, according to a current report launched by Goldman Sachs on Tuesday. In the present , there is going to be an
upside of 0.5 percent on the receipts side due to greater nominal GDP